June 10, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the completion of our first-pass diamond drill program focusing on the copper-molybdenum (Cu‑Mo) porphyry target at its 100% owned Liberty property in central British Columbia (BC).
The program comprised 2,442 m of diamond drilling in seven holes, ranging from 183 m to 505 m of depth (see Table 1 for collar info and Figure 1 for drill plan map). Permitting conditions constrained drilling to existing areas of disturbance over the target. Drill core is being logged, sampled, and prepared for analysis.
The drill program was focused on testing a copper-molybdenum ± gold ± silver (Cu-Mo ± Au ± Ag) geochemical soil anomaly1 coincident with an induced polarization (IP) chargeability and resistivity anomaly. A historic drillhole by Rio Tinto returned an interval of 123.1 m grading 0.11% Cu and 0.04% MoS21 from surface to end of hole. This hole is located approximately 300 m directly south of the geophysical and geochemical targets that were the focus of the 2024 drill program. The historic drill hole is interpreted by the company as collared at the margin of a mineralized porphyry body. Reprocessing and 3D inversion imaging of the historic IP data were completed earlier this year and were heavily utilized in the drill planning process.
Soil Sample Orientation Survey
A soil sample orientation survey was conducted over the historic Mobile Metal Ion (MMI) soil anomaly. Soil material was collected for field-based portable X-ray florescence (pXRF) and traditional ICP-MS analysis with aqua regia digestion. A second sample was collected at each site for MMI analysis. The purpose of this orientation survey is to determine the most efficient and effective sampling and analysis method for additional surficial exploration.
Message from the President
“This was a well-executed drill program that provided great coverage of our target area while maintaining a low-impact environmental footprint. The drill program exceeded the planned meterage and stayed under budget. I would like to thank our drill contractor, Dorado Drilling, for helping achieve our goals at the Liberty property.” -Daithi Mac Gearailt
Figure 1: Plan map of the 2024 drill program
Liberty Property Description
The 5,054-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.
The primary target of the Liberty project is a northwest-trending Cu-Mo ± Au ± Ag MMI soil anomaly1. This overlaps an IP chargeability1 feature on the margin of the granitic intrusion. A historic drill hole to the south of this coincident anomaly returned an interval of 123.1 m of 0.11% Cu and 0.04% MoS21. For more information on this target see our news release dated January 22, 2024 and the Liberty Project webpage.
In addition to the Cu-Mo porphyry target and the Cu-skarn target, which returned assay values of >8.0% Cu from historic trenching2, the expanded property also covers an epithermal gold target, where epithermal vein textures have been observed in a road cut2. Nearby soil and test pit samples returned anomalous grades of gold and arsenic2. These may represent a lower-temperature epithermal portion of the hydrothermal system.
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.
Other
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References
1) https://apps.nrs.gov.bc.ca/pub/aris/Report/32899.pdf/
2) https://apps.nrs.gov.bc.ca/pub/aris/Report/35992.pdf/
Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
